Chaotic insurance middle for autonomous vehicles
Thursday, 08 03 2017, Category: Technology, Country: World
A report by KPMG suggests that commercial auto insurers are currently in a “chaotic middle” period as more of their clients (such as mobility services and trucking companies) make the transition into utilizing autonomous vehicle technology.
The auditor’s report warns that the current core business models for traditional auto insurance carriers “may be under threat of obsolescence” with auto manufacturers “potentially becoming a viable alternative to cover driving risk.” KPMG then says that over the next 10-15 years, insurers will enter a “chaotic middle” as they absorb and respond to these changes.
Source: Insurance Business